Norcros splashes out on rival
Date added:
25/06/2015
NORCROS, the Cheshire-based bathroom supplier, has splashed out by buying a rival in a near £22m deal. The listed Wilmslow company is buying Croydex Group for £21.9m, of which £20.8m has been paid in cash now, with a further £1.1m deferred for three years. Privately-owned and based in Andowver, Hampshire, Croydex has 82 staff and is described as a "market-leading, innovative designer, manufacturer and distributor of high quality bathroom furnishings. "Norcros said it had funded the deal by debt through its exis...
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